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How to Buy a Home

1. Choose a Realtor ®

  • Interview and find a Full-time, Full-service Ann Arbor Real Estate Professional.
  • Don’t be afraid to ask about Qualifications.
  • Discuss various Agency Relationships – Sign Agency Disclosure before disclosing confidential information.
  • Establish Expectations Regarding Communication.

2. Determine your Buying Power

  • Before you begin your search, interview several lenders.
  • Obtain a written Pre-Approval letter for a loan.

3. Finding the Right Homes

  • Communicate your wants and needs with your Ann Arbor Real Estate Professional.
  • Carefully consider these three basic elements of home search:
    • Location.
    • Price.
    • Property Type.
  • Begin your search – Online.
  • Select properties for Home Tours.
  • Make your final choice.

4. Writing a Purchase Agreement

  • Review comparable sales to determine an offer price.
  • Sign sales documents – your Buyers Agent will submit them to Seller’s Agent for presentation to Seller.
  • Deposit earnest money.
  • Negotiations begin – offers must be in writing.
  • Sign final accepted sales contract.
  • Attorney review of final sales documents.

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